Norway · Delayed Price · Currency is NOK Itera ASA Earnings Call Transcripts
Fiscal Year 2026
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Revenue and gross profit remained flat year-over-year in constant currency, with strong growth in Cloud and Application Services and improved operational efficiency. Margin uplift is expected from Q2 2026, and the company is seeing high demand for AI-driven solutions.
Fiscal Year 2025
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Q4 saw resilient performance in a soft IT market, with 1% revenue growth and strong cash flow. Cloud and Application Services drove 70% growth, while operational improvements are expected to boost margins in 2026. Dividend and share repurchase programs continue.
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Q3 2025 saw 7% revenue growth and a 3.8% EBIT margin, driven by higher utilization and operational improvements. Cloud and application services grew 29% in Q3, while new customer revenue share reached 13%. Cash flow and share price declined, but future growth is expected from AI and regional expansion.
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Q2 revenue declined 9% year-over-year to NOK 202.9 million, but operational cash flow remained strong. New customer revenue hit a record 18%, and strategic initiatives in AI, cloud, defense, and Ukraine are expected to drive future growth.
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Revenue grew 1% year-over-year to NOK 232 million, with EBIT margin improving to 9.1% and operational cash flow rising. Growth was driven by improved utilization, new customer wins, and expansion in AI, cloud, and Ukraine-related offerings.
Fiscal Year 2024
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Revenue declined 4% in Q4, but strong order intake and improved pipeline visibility signal a positive outlook. Dividend payouts remain robust, and new service offerings, especially in Ukraine, are expected to drive future growth.
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Revenue declined 5% year-over-year in Q3 due to lower consultant utilization, but two major contracts and a key customer win-back signal improving prospects. EBITDA margin fell, yet cash conversion remains strong, and a supplementary dividend will be paid.
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Flat growth and improved margins in Q2, with strong cash generation and continued dividend payments. Market signals suggest a return to growth in 2025, driven by cloud and AI demand, while Ukraine-related initiatives provide both business opportunities and recognition.